The federal government spends USD48 million every month to import edible oil, underscoring the pressing need for import substitution, Ministry of Trade & Industry said. While import of edible oil is almost USD576 million annually, it accounts for almost five… Read More
Ethiopia’s government plans to increase its annual tax revenues by more than ten folds to 3.4 trillion birr by 2030, Planning and Development Commission announced. The country’s tax revenues, which stood at 312 billion birr in the last fiscal year,… Read More
Ethiopia’s government plans to increase its annual tax revenues by more than ten folds to 3.4 trillion birr by 2030, Planning and Development Commission announced. The country’s tax revenues, which stood at 312 billion birr in the last fiscal year, had showed a six-fold… Read More
As per the annual reports of insurance companies in Ethiopia, here is a list of the top profitable insurance companies in Ethiopia. Read More
Ahadu Bank, one of the 20+ banks under formation in Ethiopia has managed to perform it's first formation assembly in Ghion Hotel on January 2, 2021. The bank managed to sell 760 million birr worth of shares and managed to collect… Read More
Abay Bank profit before tax reached 640 million birr, decreasing by 43 million birr compared to the previous year. Profit after tax reached 501.2 comparatively staying the same compared to the previous year's net profit of 501.5 million. Earning per… Read More
A new bank, Damota Bank s.c under formation has started sharing sales. The bank has floated shares each worth 1,000 birr where anyone can purchase a 50 shares minimum worth 50,000 birr unto 100,000 shares worth 100,000,000. Read More
Addis International Bank, one of the youngest banks in Ethiopia has reported that it has earned a net profit 213.1 million birr, showing an increase of 53.9 million birr or 34%. The Bank's earning per share (EPS) increased from 20.7… Read More
Dashen Bank, one of the few banks which has been operating in Ethiopia for 25 years or more, has reported that it has earned 1.79 billion birr gross profit, and 1.54 billion birr net profit for 2020/2019 fiscal year, registering a… Read More
Nib International Bank, one of the banks which has been working in Ethiopia for 20+ years has reported that it managed to earn 1.3 billion birr gross profit for 2020/2019 budget year. In it's 21st annual assembly held at Intercontinental… Read More